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Fiber optical spectrometer also used optical fiber as signal coupling device, coupling measured light to spectrometer for spectral analysis. Fiber optic spectrometer has the advantage of modularity and flexibility of the measurement system.

United States is the dominate producer of fiber optical spectrometer, the production is 14436 Units in 2015, according for about 53.83% of the total amount, followed by EU, with the production market share of 21.75%. China has the highest production growth rate of 6.75% from 2011 to 2015. Even though a huge space for growth in the Chinese market exists, the quality and technology should further improve.

Leading players in fiber optical spectrometer industry are Ocean Optics, Avantes, B&W Tek, StellarNet and Hamamtsu, etc. Ocean Optics is the largest manufacturer, with the market share of 33.74% in 2015. The top four companies occupied about 62.58% share of the market in 2015.

The global Fiber Optical Spectrometer market is valued at 200 million US$ in 2018 and will reach 220 million US$ by the end of 2025, growing at a CAGR of 1.0% during 2018-2025.